The Grand Chess Tour was created with just one goal in mind: Demonstrating the highest level of organization for the world’s best players,” said Tony Rich, Executive Director of the CCSCSL.
There is $1,000,050,000 at stake, with each of the three events awarding individual prize funds of $300,000. Based on their results, the competitors will also tally points toward a tour prize fund of $150,000, with the Grand Chess Tour champion receiving an additional $75,000.

Eight of the top ten players who were invited accepted to participate in all the three events.

ICC will cover the event with LIVE commentary, Game Of the Day video for each round and the TRIVIA contests.